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Consider the following independent situations at December 31: Click the icon to view the situations.) Journalize the adjusting entry needed on December 31 for each situation. Use the letters to label the journal entries (Record debits first, then ciedits Select the explanation on the last line of the foumal entry table Check your spelling carefully and do not abbroviate.). a. On October 1. a bysinens collected $3,000 rent in atwance. debling Cash and crediting Unearned Revenue. The tenant was paying one yedra reat in advance Ae December 31, the business mast account for the amount of rent it has eained. b. Salarles expense is $1,000 per day - Monday through Friday-and the business pays employees each Fiday. This year December 31 falls on a Thurday c. Tha unadjusted balance of the Orice Supplies account is 53.200. Office supplies on hand total 52000 6. The unadusted balance of the Office Supplies account is 53.200. Otice suppliaa on hand total $2.000 a. On October 1, a business collected $3,000 rent in advance, debiling Cash and crediting Unearned Revenue. The tenant was paying one year's rent in advance. On December 31, the business must account for the amount of rent li has earned. ts first, then creilt: b. Salaries expense is $1,000 per day-Monday through Friday-and the business pays employees each Friday. This year December 31 falls on a Thursday c. The unadjusted balance of the Office Supplies account is 53.200. Office supplies on hand total $2.000. d. Equipment depreciation was $550 e. On July 1. when the business prepald $2,400 for a two-year insurance pollcy, the business debited Prepaid Insurance and credited Cash